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Image of the Press Blocks development in Goose Hollow, from the project’s second Design Advice Request hearing in October 2016 (image by Mithun)

According to the Portland Business Journal the sale of the former Oregonian printing facilities in Goose Hollow has closed. Urban Renaissance Group and Security Properties paid $20 million for the site, which is set to be redevelopment as the Press Blocks.

The prospect of lower corporate taxes under President Trump is having a chilling effect on one of the main sources of financing for affordable housing developments, wrote the Portland Mercury. Local projects affected include Innovate Housing’s NW 14th & Raleighdevelopment, which now has a $1.8 million funding gap.